Daily Technical Analysis

The single European currency achieved our expected bullish target during the previous session’s trading, which was at 1.0870 and recorded its highest level at 1.0887. Technically, we notice that the level of 1.0880 formed strong resistance on the EUR/USD pair and forced it to decline marginally to the downside so …

Oil, Crude, trading

The Canadian dollar fell yesterday within the bearish path published during the previous technical report, approaching by a few pips at the first target of 1.3360, recording its lowest level at 1.370. The technical view is unchanged, and the pair maintains the same technical conditions. The common tendency tends to …

Oil, Crude, trading

US crude oil futures prices achieved the bullish target required to be touched during the previous technical report at 80.85, and approached by a few points at the second target 81.45, only to record the highest 81.20. Technically, oil prices continue to receive a positive incentive from the simple moving …

Negative trading dominated gold prices during the previous trading session, as we indicated in the last report, touching the first target of 1903, and heading for the second target 1897 during the morning trading of the current session. Technically, and by looking at the 4-hour chart, we notice the stability …

The EUR/USD pair achieved the first bullish target at 1.0870, recording its highest level at 1.0870, to hit a strong resistance level that forced it to trade in negativity. Technically, the resistance levels at 1.0870 constituted an obstacle in front of the pair. However, the current movements are witnessing stability …

Oil, Crude, trading

Negative trades continued to dominate the Canadian dollar after it failed to surpass the strong resistance level at 1.3470, which formed a strong resistance level that forced the pair to maintain the bearish bias. Technically, and by looking at the 240-minute chart, we find that the simple moving averages continue …

Oil, Crude, trading